How account aggregators are making credit more inclusive in India
India's Account Aggregator framework is transforming credit accessibility by allowing individuals and businesses to share financial data securely with lenders. This system, introduced by the Reserve Bank of India, enables a shift from traditional collateral-based lending to a data-driven approach, expanding access to credit for those previously excluded. By integrating information from multiple financial institutions, lenders can now assess borrowers' financial behavior more comprehensively, fostering greater inclusivity in the credit market.